Establishes a penalty for interfering with the repossession of certain collateral vehicles.

New York A05506 amends the vehicle and traffic law to establish a penalty for interfering with the repossession of certain collateral vehicles. The bill defines "collateral" as a motor vehicle or motorcycle being repossessed under a lien for repairs or storage. It also defines "repossessor" as any person, firm, corporation, or agent repossessing or retaking a vehicle under legal authority. The bill prohibits interference with the transport of collateral to a storage facility, auction, or dealer by any repossessor once repossession is complete.

Establishes a penalty for interfering with the repossession of certain collateral vehicles.

New York A05506 amends the vehicle and traffic law to establish a penalty for interfering with the repossession of certain collateral vehicles. The bill defines "collateral" as a motor vehicle or motorcycle being repossessed under a lien for repairs or storage. It also defines "repossessor" as any person, firm, corporation, or agent repossessing or retaking a vehicle under legal authority. The bill prohibits interference with the transport of collateral to a storage facility, auction, or dealer by any repossessor once repossession is complete.